The Diem Association is aiming to launch a pilot with a single stablecoin pegged to the U.S. dollar in 2021, according to a person familiar with the matter. Formerly known as Libra, the Facebook-backed digital currency project faced strong opposition from regulators and lost several key backers and executives.

Is Libra coin launch?

Facebook's digital currency project, formerly known as Libra, plans to launch a US dollar-backed stablecoin around the end of this quarter, per Coindesk. It will be issued via a blockchain-based payment system governed by the Diem Association, which last touted it would launch in January 2021, per TechCrunch.

How much is Libra coin worth?

LibraToken price today is $0.00366357 with a 24-hour trading volume of $243,145.